Meticulous Research®, a prominent global market research firm, recently unveiled an insightful report titled, "Irrigation Automation Market by System, Irrigation Type, Component, End Use (Agricultural, Non-agricultural), and Geography – Global Forecast to 2030."
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According to the latest findings from Meticulous Research®, the irrigation automation market is poised to soar, reaching an estimated value of $12.7 billion by 2030, with a robust CAGR of 16.6% from 2023 to 2030. This impressive growth is fueled by the rising adoption of smart agriculture technologies and the numerous advantages provided by automated irrigation systems. These systems, equipped with sensors and timers, ensure optimal water delivery directly to root zones, significantly reducing water wastage compared to manual methods. Enhanced government support for automated farming and the increasing deployment of these systems for large-scale agricultural operations present substantial growth opportunities for stakeholders. However, the high costs associated with installation and the complexities of implementing automated systems on fragmented lands could pose challenges.
Market Segmentation and Key Insights
By System
The market is divided into automatic and semi-automatic systems. The automatic segment is anticipated to dominate in 2023, driven by the growing implementation of fully automated systems. These systems are in high demand for their ability to minimize water usage and save time, thanks to technological advancements offering unique features.
By Irrigation Type
Segmentation includes sprinkler, drip, surface, hose reel, pivot, and other irrigation types. Sprinkler irrigation is expected to hold the largest market share in 2023 due to its efficiency in controlled water distribution and ease of operation. However, the drip irrigation segment is predicted to exhibit the highest CAGR, driven by its superior water and nutrient delivery efficiency and sustainability.
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By Component
The market encompasses hardware, software, and services. The hardware segment is projected to lead in 2023, propelled by the demand for smart irrigation controllers, sensors, and other intelligent control systems. This segment also benefits from the widespread use of valves, sprays, and sensors that provide critical feedback on irrigated areas.
By End Use
End-use categories include agricultural and non-agricultural applications. The agricultural sector is expected to capture the largest share in 2023, reflecting the growing need for efficient water management systems among farmers to enhance productivity and conserve resources.
Regional Market Dynamics
Asia-Pacific
Asia-Pacific is anticipated to dominate the market in 2023, attributed to vast agricultural lands, supportive government policies, and technological advancements. The high population and declining water levels in countries like India and China further drive the demand for sensor-based irrigation systems.
North America
North America is forecasted to experience the highest CAGR during the forecast period. This growth is supported by the presence of key industry players and increasing government initiatives aimed at water conservation.
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Competitive Landscape
The irrigation automation market is highly competitive, with significant contributions from companies such as The Toro Company, Valmont Industries, Rain Bird Corporation, and Jain Irrigation Systems Ltd. These companies are actively involved in innovations and strategic partnerships to enhance their market position. For instance, Rain Bird Corporation introduced the "Rain Bird Resources" mobile app to assist irrigation professionals, while Valmont Industries acquired Prospera Technologies to leverage AI in irrigation.
Key Players
Prominent players in the global irrigation automation market include:
• The Toro Company (U.S.)
• Valmont Industries, Inc. (U.S.)
• Rain Bird Corporation (U.S.)
• Jain Irrigation Systems Ltd. (India)
• Lindsay Corporation (U.S.)
• Nelson Irrigation (U.S.)
• Rubicon Water S.L.U. (Spain)
• Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel)
• HydroPoint Data Systems, Inc. (U.S.)
• Calsense (U.S.)
• Orbit Irrigation Products Inc. (U.S.)
• Stevens Water Monitoring Systems Inc. (U.S.)
• Viridix Ltd. (Israel)
• Niagara Irrigation Automation (India)
• Lumo, Inc. (U.S.)
Report Highlights
• Detailed segmentation of high-growth market segments.
• Historical market size and forecasts for 2023–2030.
• In-depth analysis of major market drivers, restraints, opportunities, and challenges.
• Competitive landscape and market share analysis of key players.
• Recent market developments and strategic initiatives.
• Geographic trends and identification of high-growth countries.
• Emerging local players and their competitive strategies.
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